December Housing Indicators Positive

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The Georgia Association of Realtors just issued December year-over-year indicators.  Pending sales and average and median sales prices all increased while inventory levels, days on the market, and months supply (down 25%!) all decreased. 

  • Pending Sales were up 18 percent to 7,226.
  • Average Sales Price was up 6 percent to $222,266.
  • Median Sales Price increased 6 percent to $177,000.
  • Inventory levels shrank 9 percent to 39,077 units.
  • Days on Market decreased 5 percent to 76 days.
  • Months Supply of Inventory was down 25 percent to 4.3 months.
  • New Listings were flat, with a .5 percent increase to 8,059.